Why is Gravita India falling/rising?

As of 27-Jun, Gravita India Ltd's stock price is currently at Rs 1,878.20, reflecting an increase of Rs 68.25, or 3.77%. The stock has been on an upward trend, gaining for the last six days and achieving a total return of 13.85% during this period. It outperformed its sector by 3.02% today and reached an intraday high of Rs 1,884.25. Despite a recent decline of 1.63% over the past month and a year-to-date drop of 14.30%, the stock has shown strong performance over the last year with a 27.82% increase. Positive factors contributing to this rise include high management efficiency, a low debt-to-EBITDA ratio, and significant growth in net profit and operating profit, indicating the company's strong financial health and ability to service its debt.
In the broader market context, Gravita India has outperformed the Sensex in the short term, with a weekly return of 11.80% compared to the Sensex's 2.00%. This suggests that the stock's recent gains are not only a result of company-specific factors but also reflect a favorable sentiment among investors in the short term. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 42.12% against the five-day average, which could indicate a potential concern for sustained momentum. Overall, the stock's recent performance is bolstered by strong fundamentals, but the drop in trading volume may warrant caution moving forward.